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2019-08-07 12:20:00

OIL PRICES 2019-20: $64-65

OIL PRICES 2019-20: $64-65

U.S. EIASHORT-TERM ENERGY OUTLOOK

Forecast Highlights

Global liquid fuels

Brent crude oil spot prices averaged $64 per barrel (b) in July, almost unchanged from the average in June 2019 but $10/b lower than the price in July of last year. EIA forecasts Brent spot prices will average $64/b in the second half of 2019 and $65/b in 2020. The forecast of stable crude oil prices is the result of EIA's expectations of a relatively balanced…

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OIL PRICES 2019-20: $64-65
2019, August, 6, 12:45:00
OIL PRICE: NEAR $60
International benchmark Brent futures LCOc1 were up 28 cents at $60.09 a barrel by 0910 GMT, having dipped earlier in the session to their lowest since Jan. 14 at $59.07. West Texas Intermediate crude CLc1 futures rose 38 cents to $55.07 per barrel.
OIL PRICES 2019-20: $64-65
2019, August, 6, 12:40:00
U.S., UK CAN CLOSE HORMUZ
The UK's Royal Navy will work with the US to assure the security of merchant vessels in the Strait of Hormuz, the Ministry of Defence said.
OIL PRICES 2019-20: $64-65
2019, July, 25, 20:00:00
U.S. OIL INVENTORIES 445 MLN BBL
At 445 million bbl, US crude oil inventories are 2% above the 5-year average for this time of year,
OIL PRICES 2019-20: $64-65
2019, July, 20, 13:15:00
OIL DEMAND IS SLOWING
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.
OIL PRICES 2019-20: $64-65
2019, July, 20, 12:55:00
U.S. OIL SERVICE DOWN
the U.S. the number of yet-to-be-fracked wells hit 8,289 in May, up 22% in a year, according to the U.S. Energy Information Administration.
OIL PRICES 2019-20: $64-65
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
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Tags: OIL, PRICE, BRENT, WTI, GAS, ELECRTICITY, COAL, RENEWABLE,
Chronicle:
OIL PRICES 2019-20: $64-65
2019, November, 11, 13:00:00
IRAN'S LPG FOR CHINA DOWN
Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.
OIL PRICES 2019-20: $64-65
2019, November, 11, 12:55:00
BALANCING THE GLOBAL ENERGY SYSTEM
“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.
OIL PRICES 2019-20: $64-65
2019, November, 11, 12:50:00
AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
OIL PRICES 2019-20: $64-65
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
OIL PRICES 2019-20: $64-65
2019, November, 11, 12:40:00
U.S. RIGS DOWN 5 TO 817
U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,
OIL PRICES 2019-20: $64-65
2019, November, 8, 11:35:00
OIL PRICE: NOT ABOVE $62
Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.
OIL PRICES 2019-20: $64-65
2019, November, 8, 11:25:00
GAZPROM, UKRAINE STRATEGIC ISSUES
Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.
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